The euro-zone crisis Breaking up is slow to doThe Economist (blog)THE odds of a euro-zone breakup may not be high but they are not zero. As policymakers debate the relative merits of austerity and growth, the risk of the worst-case scenario is influencing the behaviour of businesses and banks on the ground.

The eurozone should sort out its own messTelegraph.co.ukBy Jim Flaherty At the meeting of the International Monetary Fund recently, Canada decided against contributing more resources to support the eurozone. We also argued that all countries borrowing from the IMF should be treated equally.Telegraph.co.uk

Fed's Lockhart concerned about contagion from EuropeReutersLOS ANGELES May 1 (Reuters) - A top US Federal Reserve official said on Tuesday he is concerned about possible spillover effects from Europe's simmering debt crisis that could cause another financial crisis. "What concerns me is risk channels, ...

Eurozone crisis hits manufacturingThe Press AssociationThe UK's recovery hopes have been dealt a blow as problems in the crisis-hit eurozone - the UK's biggest trade partner - hit the manufacturing sector. The Markit/CIPS survey, where a reading above 50 represents growth, fell to 50.5 in April from 51.9 ...

Europe's credit crunch: James SaftReutersAs for the future, European banks still have hundreds of billions of capital to raise, implying that even when demand for credit returns, the unbalanced recession in the euro zone might be extended by continued tough loan market conditions.

Austerity Vs. Growth In The EurozoneBusiness InsiderThe renewed flare-up in the sovereign debt crisis and accompanying political developments have brought the Eurozone back to the forefront of investor concerns in April. Strong prospects of a Socialist government taking power in France in May, ...

EuroCrisis: Default, Austerity and DeleveragingInternational Business TimesThe default in Greece was one of the worst moments since the 2008 financial crisis, part of the European Union defaulted on their debt and with the help of the ECB, World Bank and IMF strong armed bond holders in to accepting massive write offs.

World workers express anger, gloom on May Day amid eurozone fearsColumbia MissourianBY Daniel Woolls/AP MADRID — Banging drums and waving flags, hundreds of thousands of workers marked May Day in European cities Tuesday with a mix of anger and gloom over austerity measures imposed by leaders trying to contain the eurozone's ...

Greek Elections and the EuroWall Street Journal (blog)Since Greece got its second bailout in March, the country has faded from the spotlight as a potential source of euro-zone instability. One euro-zone government official who sits on the influential Economics and Financial Committee of the European Union ...

UK at risk of longer slump as Euro crisis hits factoriesEconomic TimesLONDON: Manufacturing output barely grew at all in April as an economic slowdown in the euro zone curbed demand for goods made in Britain, a survey showed on Tuesday, raising the risk of a longer recession. The unexpectedly sharp slowdown is fuelling a ...

Germany takes new approach to eurozone crisisDeutsche WelleAs French presidential frontrunner Francois Hollande announces plans to recast the eurozone's fiscal compact, German Chancellor Angela Merkel adds a growth agenda to her strategy for curbing the eurozone crisis. It was quite a triumph for Merkel when ...Deutsche Welle

ECB Loans Plant Seeds of European DisintegrationBloomberg“Basically you're planting the seeds for the disintegration of the euro zone.” The ECB began two rounds of extraordinary three-year loans at an interest rate of 1 percent in December in its longer-term refinancing operations.Bloomberg

Time to apply EM lessons to euro crisisFinancial TimesPolitical leaders in Europe must now confront the eurozone crisis with the boldness and realism that leaders in successful emerging markets did in the past. Further fence-sitting is unacceptable: financial market confidence in the ability of Europe's ...

EuroCrisis: Italy Heads to Default as Austerity BitesInternational Business TimesBy Paul A. Ebeling, Jnr. Prices in Italy rose 4.7% in April, a surprising jump for a slow growing economy where wages are falling and unemployment is on the rise. According to the figures released Monday by Italian National Statistic Institute Istat, ...

Ottawa put up billions to help banksTheChronicleHerald.caCanada's big banks received billions in support from the federal government and the Bank of Canada during the 2008-09 financial crisis. (ADRIAN WYLD / CP) OTTAWA — Canada's big banks received billions in support from the federal government and the ...TheChronicleHerald.ca

Taxpayers not told of secret bank bailout: reportVancouver SunCanadians were never told the true cost of a $114-billion "secret bailout" for the country's biggest banks during the financial crisis, says a report from the Canadian Centre for Policy Alternatives. "We've had a false sense of security," said study ...

Illinois: State museum faces financial crisisKankakee Daily JournalSPRINGFIELD -- The Illinois State Museum might have to close one of its six sites -- or push for an entrance fee -- if its finances don't improve. "We can't sustain much more in terms of cuts," museum Director Bonnie Styles said.

Peter Jones: Eurozone in revolt against austerityScotsmanBut what seems certain to survive is the demand he plans to put to Angela Merkel, Germany's chancellor, that the Eurozone's austerity-focused fiscal compact be renegotiated to allow for spending aimed at stimulating growth. This seems likely to strike ...Scotsman

Dutch Save Reputation, but Real Test Lies AheadWall Street Journal (blog)Being one of the foremost advocates of fiscal stringency in the euro zone, the Dutch center-right government couldn't allow itself to miss a European Commission demand under the new fiscal pact. In order to save face it needed to show how it intends to ...

French Election Gives Country's Banks a Fresh HeadacheWall Street Journal (blog)Like their peers across the region, BNP Paribas SA, Société Générale SA and Credit Agricole SA are being hit by renewed fears about the euro zone crisis, centered largely on Spain. “French banks, given their widespread presence in Europe are very ...

Sober Look: Rise in Eurozone M3 is not improving credit conditionsBy Walter KurtzWith the second round of the LTRO program, the ECB has managed to slightly improve liquidity in the Eurozone. This is evidenced by the growth in M3, the broad money stock. But as discussed before, this liquidity is not translating into ...Sober Look

Is the Eurozone on fire? – roseanna - My TelegraphBy rosieEurozone fire. According to Lord Ashdown (remember him? Paddy Pantsdown) David Cameron is throwing cans of petrol onto the Euro currency fire, all because he said the euro economies faced “a very long and painful process” ...roseanna

Thinking about the eurozone as a bar » Public Relations | Blog ...By Jo BreinerThinking about the eurozone as a bar. May 1st, 2012. Marketplace Vivien Schmidt, College of Arts & Sciences. Spain chopped its budgets but now austerity is biting back… View article. Comments are closed. join the conversation. visit the ...Public Relations